Quadruple Sell

Quadruple bottom breakout is a 7-column bearish support breakout pattern. This is an extension of a triple bottom sell pattern.

In this pattern, the low box-level of the 1st, 3rd, and 5th columns is at the same level. A new low is formed in the 7th column when the price falls below the low of the earlier columns.

Having the price reverse from the same level in the first 3 columns of Os in the pattern indicates very strong support or demand. The bearish breakout in the 7th column marks a strong bearish support breakout pattern.

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This pattern can be plotted on the chart by adding it from the Add study menu in TradePoint & Patterns in RZone. The pattern is also available in the System Builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.